National Debt to the Penny

grimm · 01-25-2005

I read an article about the US and its place in the global economic community. It has dropped from 27% to 21% since 1950, because of developement in other nations. It is estimated that both China and India will eclipse the US in total revenue, etc by 2020, and that India will double by 2050. This si of course because China has a population far greater than ours, and India is 4X our population as well. But India and China are also emerging economic powers.

Caveat: this is a GOOD thing, not a bad thing, as the goal is globalization, the spread of democracy, giving up a little bit of the pie is natural for those goals

01-25-2005	#5
grimm Cramming 3 people in a Room to Attend Show Stop Lurking and start posting! Register now! Join Date: Dec 2002 Location: New Orleans, LA Posts: 5,306	I read an article about the US and its place in the global economic community. It has dropped from 27% to 21% since 1950, because of developement in other nations. It is estimated that both China and India will eclipse the US in total revenue, etc by 2020, and that India will double by 2050. This si of course because China has a population far greater than ours, and India is 4X our population as well. But India and China are also emerging economic powers. Caveat: this is a GOOD thing, not a bad thing, as the goal is globalization, the spread of democracy, giving up a little bit of the pie is natural for those goals __________________ Think horses, not zebras.